290 S Coconut Ln, Miami Beach, FL, 33139
About This Home
Brand-new waterfront architectural masterpiece under construction on exclusive, gated Palm Island. Designed by renowned architect Choeff Levy Fischman, this three-story modern estate with rooftop living is scheduled for completion in October 2026 and offers unobstructed Downtown Miami skyline views. Thoughtfully designed for seamless indoor-outdoor living, the home features expansive waterfront terraces, a resort-style pool with integrated waterfall, and a dramatic rooftop entertainment level ideal for hosting and relaxation. A private dock and brand-new seawall provide direct ocean access for boating and water activities. Interiors by Casa Bella Design showcase refined modern elegance with porcelain surfaces by Porcelanosa, luxury fixtures by Dornbracht, Waterworks, Axor, and Toto, a gourmet chef’s kitchen by Ornare, custom millwork, and bespoke closets throughout. The residence includes a fully automated smart-home system with Lutron lighting, enhancing comfort, security, and ambiance. Additional features include an enclosed two-car garage and dedicated space for motorbikes and bicycles. Palm Island is a 24-hour guard-gated community offering tennis and basketball courts, a children’s playground, and close proximity to Downtown Miami, South Beach, and Coconut Grove.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2026
Materials
- Roof: Other
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Features
- Elevator
- Door features: High Impact Doors
- Window features: Hurricane Shutters
- Flooring: Marble
Heating & Cooling
- Heating features: Central
- Cooling features: Electric
Interior Area
- Total structure area: 0
- Total interior livable area: 7,660 sqft
Property
Details
- Parcel number: 0242050020630
- Zoning: 0100
Features
- Levels: Three Or More
- Entry location: First Floor Entry
- Private pool: Yes
- Pool features: Above Ground,Heated
- Has view: Yes
- View description: Bay,Intracoastal View
- Has water view: Yes
- Water view: Bay,Intracoastal View
- On waterfront: Yes
- Waterfront features: WF/Pool/No Ocean Access,Intracoastal Front,Bay
- Frontage type: Bay/Harbor
- Frontage length: 50
Lot
- Lot size: 7,000 sqft
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 2
- Parking features: Driveway,Electric Vehicle Charging Station(s)
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $110,991 | $1,331,892 |
| Home Insurance * | $414 | $4,968 |
| Property Taxes | $35,313 | $423,756 |
| Electricity | $770 | $9,250 |
| Total | $147,488 | $1,769,856 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-20 | Listed for sale | $21,950,000 |
| 2024-09-11 | Sold | $8,000,000 |
| 2024-08-20 | Pending sale | $9,000,000 |
| 2024-04-24 | Price change | $9,000,000 |
| 2023-11-22 | Listed for sale | $10,900,000 |
| 2022-12-07 | Sold | $5,400,000 |
| 2022-11-23 | Pending sale | $7,199,000 |
| 2022-07-20 | Price change | $7,199,000 |
| 2022-07-14 | Price change | $6,999,000 |
| 2022-04-04 | Listed for sale | $7,900,000 |
| 2022-01-22 | Listing removed | -- |
| 2021-12-30 | Price change | $7,900,000 |
| 2021-09-24 | Listed for sale | $8,990,000 |
| 2021-06-23 | Sold | $4,350,000 |
| 2018-10-03 | Listing removed | $4,100,000 |
| 2018-09-05 | Price change | $4,100,000 |
| 2018-06-06 | Listed for sale | $5,100,000 |
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